Abu Dhabi-based investment firm Aabar Investments is investing a further $20 million in charter provider XOJet. The move came just four months after XOJet secured $470 million in additional funding from a group led by TPG, a Fort Worth-based private equity firm, and Aabar. Meanwhile, Aabar and XOjet said they plan to form a joint venture in the UAE to provide aviation services in the Middle East and North Africa.
Abu Dhabi-based charter operator Royal Jet is taking increasing numbers of bookings for flights into Iraq. Since the 2003 invasion of the country by the U.S. and its allies, the operator has made more than 100 flights into Iraq, including private charters and emergency medical evacuations. Following the 2003 conflict, Royal Jet was the first commercial flight provider to enter the market.
Singapore’s choice of an advanced jet training system is due next month and could be crucial to the future export prospects of Italy’s M-346 Master and Korea’s T-50 Golden Eagle. These dissimilar training jets have been bid here by rival prime contractors, ST Aero and Lockheed Martin, respectively.
China has threatened to impose sanctions against the U.S. companies whose equipment forms part of a controversial new arms package for Taiwan that was announced last Friday. They include Boeing and Sikorsky, who enjoy brisk sales
to China of airliners and civilian helicopters, respectively.
Canadian aircraft management company Air Partners has launched a fractional-share program to capitalize on historically low used aircraft prices. Air Partners is headquartered in Calgary and is a subsidiary of Morgan Air Services, which was founded by WestJet Airlines cofounder Tim Morgan in 1983. In addition to aircraft management, Air Partners offers charter and aircraft maintenance services.
his past year has been tumultuous for Piper Aircraft, starting with sale of the company
The 2010 Singapore Airshow is set to be a sell-out by the time it opens its doors for this year’s February 2 to 7 event. As of press time, just over 95 percent of the 430,000 sq ft of exhibition space had been sold, with some room still available for small companies.
Research firm Frost & Sullivan said recently that the Middle East is one of the few world regions where the business jet market has registered growth, adding that the air-taxi segment is expected to be a major driver for this market. According to the company’s data, the Middle East logged 93,000 business jet movements in 2008, and that number was projected to reach 103,000 last year.
Alongside ostentatious neighbors like the United Arab Emirates, Bahrain has tended to get overlooked as a Middle Eastern hub for air transportation. Yet, the island kingdom in the Arabian Gulf actually lays a fair claim to being the birthplace of aviation in the Middle East. Next month (January 21 to 23) it intends to point the world to its aviation future when it hosts its own airshow for the first time.
Royal Jordanian Airlines’ new president and chief executive, Hussein Dabbas, is maintaining the carrier’s long-held ambition to become the Middle East’s airline of choice. After 30 years in the airline’s marketing and sales organization, Dabbas brings contrasting experience to that of his predecessor, Samer Majali, an aeronautical engineer who left Royal Jordanian abruptly four months ago to lead troubled Bahrain carrier Gulf Air.